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Income Tax - Highlights / Catch Notes

Home Highlights December 2024 Year 2024 This

Central Silk Board, Bengaluru (PAN: AAALC0093M) is exempted from ...


Silk Board Gets 5-Year Tax Break on Grants, Fees, Interest & Other Specified Incomes.

December 26, 2024

Notifications     Income Tax

Central Silk Board, Bengaluru (PAN: AAALC0093M) is exempted from income tax u/s 10(46) of the IT Act, 1961 on specified incomes like grants, compensation from property sale, royalties, penalties, fees for services, and interest income. The exemption is subject to non-commercial activities, unchanged nature of specified income, and filing returns. It is applicable for AYs 2024-25 to 2028-29.

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